Singapore shares slip as wary investors await US inflation data

● Losers beat gainers 286 to 195 in wider market; STI dips 0.5% ● Thai Beverage tops index, with HK Land at bottom ● Regional indexes mixed; HK and Malaysian shares down

- Mia Pei and Chloe Lim

Local shares drifted down on Dec 11 as investors here and across the globe await inflation data from the US that will determine interest rate moves.

The wary mood was reflected in the downbeat results on Wall Street overnight, where the key indexes all slipped by around 3 per cent.

The Straits Times Index (STI) shed 20.73 points, or 0.5 per cent, to end at 3,792.82. Across the broader market, losers outnumbered gainers 286 to 195 on modest trade of 919.6 million securities worth $1 billion.